ASX-listed Consolidated Zinc has moved to take full ownership of its Plomosas zinc/lead/silver project, in Mexico, inking a binding term sheet with project partner Retec Guaru S.A de C.V.
Under the terms of the agreement, Consolidated Zinc would acquire the remaining 10% interest in the project in return for a 1% net smelter royalty from zinc and lead concentrates produced at the mine.